Telangana Govt Launched A One-Time Scheme:
The Telangana State government has created a One-Time Scheme (OTS) to clear the debt and has cancelled 90% of the interest, providing help to people who are dealing with property tax arrears. Waiver valid through the fiscal year 2021–2022.
In accordance with the GO Rt No. 485 published by the Municipal Administration & Urban Development (MA&UD) Department, the government has mandated the waiver of 90% of the accumulated property tax arrear interest after reviewing the proposal made by the GHMC Commissioner and Director of Municipal Administration. However, the taxpayer would have to pay out the entire amount of the tax debt—principal plus 10% accumulated interest—in one go by 2021–2022.
The OTS will be implemented in campaign mode with the scheme slated to expire on October 31. It is applicable to all urban local bodies of the State, including the GHMC. A total of 90% of such interest/penalties would be deducted from future payments for people who have paid their whole property tax debt—including interest and penalties—up to March 2022 within the current fiscal year.
The property tax arrears in all ULBs, including the GHMC, were Rs 1,999.24 crore, according to the GHMC Commissioner and Director of Municipal Administration. Its outstanding interest balance was Rs. 1,626.83 crore.
The decree also instructs officials to set up a system for transparently and regularly monitoring the scheme’s implementation.
The GHMC Commissioner and Director of Municipal Administration have been given instructions by the MA&UD Department to promote the programme and make sure the greatest number of individuals may take advantage of it. They are expected to speak with property owners who have unpaid arrears, text them, call them, and promote the programme in print and electronic media.
